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Daily Business News Brief – August 4th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – August 4th, 2023
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August 4, 2023
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NGX admits DMO’s N130 billion Sukuk as total issuance hits N742 billion in six years
•Gains in MTNN, 35 stocks lift capitalisation by N542b – Guardian
Nigerian Exchange Limited (NGX) has announced the listing of the Federal Government’s (FGN) N130 billion Sovereign Sukuk through the Debt Management Office (DMO) on its platform. The 10-year 15.64 per cent Ijara Sukuk due 2032 was listed on NGX yesterday.
Besides, the DMO disclosed that the total Sovereign Sukuk issued from 2017 till date currently stands at N742.557 billion,.. …………….. .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

GlaxoSmithKline to end operation in Nigeria – TheNation
GlaxoSmithKline Plc (GSK), a British multinational drug maker and biotechnology company yesterday announced its intention to end operations in Nigeria.
This was made known in a statement filed at the Nigerian Exchange (NGX).
The statement explained that GSK’s operations in Nigeria will cease the commercialisation., . … …………….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

UBA, others partner on customer experience – TheNation
United Bank for Africa (UBA) Plc has entered into  partnerships with three health-based organisations to create robust synergy for enhanced customer experience.
The partnership is expected to drive financial inclusion, promote brand loyalty and promote healthy lifestyle in the ever-evolving societal landscape… .. …,….. ………. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

International Breweries Goes Bold with Smart Drinking Message – Thisday
Driven by a relentless pursuit to promote smart drinking and disrupt the harmful use of alcohol, International Breweries Plc (IBPLC), held the second edition of its Smart Drinking Roundtable Session recently.
The event which took place in Port Harcourt, Rivers State, with the theme:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Shareholders lament as GlaxoSmithKline Nigeria closes operations -Punch
Some shareholders have expressed displeasure as GlaxoSmithKline Consumer Nigeria Plc announced plans to shut down its operations in the country.
On Thursday, GSK announced through a press statement signed by their Company Secretary, Frederick Ichekwai, that it would be closing down its operations in Nigeria…….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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